Joining the Open Covid Pledge, Fujitsu is the new tech player along sides with Facebook and Amazon in providing free access to its intellectual property rights for activities aimed at ending the global spread of the disease.
In committing to the Open COVID Pledge, which originated in the US, Fujitsu has declared that it will not assert its patents, utility models, or designs against individuals or entities for a certain period of time and will not seek any consideration or compensation for such activities. Fujitsu has also endorsed and declared its involvement with the “OPEN COVID-19 DECLARATION,” a similar initiative in Japan
Through its commitment to these pledges, Fujitsu will contribute decisively to an early end to the spread of the COVID-19 pandemic by providing free access to approximately 40,000 patents, utility models, design patents (including pending applications) related to the development of new drugs and patient care, and actively promote cross-industry utilization by companies and research institutions around the world in the spirit of global cooperation and human centric innovation
The Open COVID Pledge, launched by an international coalition of legal experts, scientists, and technologists, is an effort that encourages companies, universities, and researchers to make their intellectual property available free of charge for use in ending the COVID-19 pandemic and minimizing the impact of the disease. Those who make the Pledge help ensure that uncertainty around intellectual property rights will not slow or impede urgently needed solutions in this critical time.
You can see the details of the Fujitsu’s declaration here
Lenovo (stock quote 992.HK) (ADR: LNVGY) announced the pre-order availability of its flagship business laptop, the Lenovo ThinkPad X1 Carbon Gen on Lenovo® Official Singapore Site.
Pricing for the much-anticipated ThinkPad X1 Carbon Gen 8 starts at SG$3,449, with further upgrades available in processing, memory, storage, and display. Citibank customers can purchase the flagship device on a SG$288 x 12 months installment plan (Note this is not an interest-free promotion). Pre-ordering the new ThinkPad X1 Carbon on the official store will offer customers access to discounts of up to 75% on selected accessories including the X1 Noise Cancellation Headphones, and the best-selling 3-Year Premier Support
“For many years, our X1 Carbon series has represented the apex of Lenovo’s innovation and design thinking. We’ve designed it with our customers in mind, imbuing it with best-in-class security, durability, and productivity features to meet the high demands of modern professionals. The 8th Gen of the X1 Carbon is no different. It’s another proud milestone for our iconic machine and we’re very excited to offer our Singapore customers early access to purchase the flagship device on our E-commerce platform,” said Reno Chow, eCommerce Head, Lenovo Singapore and Malaysia.
Here are the full specifications of the Lenovo ThinkPad X1 Carbon Gen 8:
Up to 10th Gen Intel® Core™ i7 with up to 6 cores
Windows 10 Pro
14″ 4K (3840 x 2160) IPS with Dolby Vision™ HDR400, 500 nits, 10 bit14″ FHD (1920 x 1080) IPS PrivacyGuard, 500 nits14″ FHD (1920 x 1080) IPS, low power, 400 nits14″ WQHD (2560 x 1440) IPS, 300 nits14″ FHD (1920 x 1080) IPS Touch, 300 nits
Up to 16GB LPDDR3
Up to 18 hours* 51Wh, includes Rapid Charge *Based on MobileMark 2014, an industry standard PC performance benchmark. Actual results will vary depending on your system’s usage and settings, including power management and screen brightness.
Up to 2TB PCIe SSD
Integrated Intel® UHD Graphics 620
Fast Identity Online (FIDO) authentication capabilitiesMatch-on-chip fingerprint readerdTPM 2.0 chipThinkShutter camera coverOptional: ThinkPad PrivacyGuardOptional: ThinkPad PrivacyAlert*Kensington lock slot *PrivacyAlert requires the IR camera.
Dolby Atmos® Speaker System4 x 360-degree far-field microphones
HD 720p with ThinkShutter privacy coverOptional: Hybrid Infrared (IR) & HD with ThinkShutter
Dimensions (W x D x H)
323mm x 218mm x 14.9mm / 12.71″ x 8.54″ x 0.59″
Starting at 1.09kg / 2.40lb
BlackBlack with Carbon-Fiber Weave on top cover* *Available only on the 4k HDR400 display.
WiFi 802.11 AXBluetooth® 5.0Optional WWAN: Integrated Global Mobile Broadband 4G LTE-AOptional NFC
2 x USB-C Thunderbolt™ 32 x USB 3.1 (Gen 1)HDMI 1.4Network extension for Ethernet/side mechanical dockingHeadphone / mic comboMicroSD card reader
Spill resistantBacklit with white LED lightingNew FN row F9-F11
SINGAPORE 6 May 2020 -TranSwap, a home-grown cross-border payments platform for businesses, today announced that it has launched an e-remittance service, for employers of foreign domestic workers to digitally send money back to their families during Circuit Breaker. The launch comes at a time when it has been challenging for these workers to access remittance services to send money home and support their families. The home-grown FinTech start-up provides services mainly for SMEs and businesses, but they are now stepping up to help those workers who are affected by the circuit breaker measures with their remittance woes.
Employers will be able to transfer money on behalf of their workers in their local currency (mainly Rupiah, Pesos, Kyat, Rupee) seamlessly and conveniently while staying safe at home. It takes less than 5 minutes to send the money, and remittance can be tracked in real-time with end-to-end status updates. This will allow the employers to send the money on behalf of foreign workers upon the worker’s request
The cross-border payments company has also set out to provide Non-Face-To-Face (NFF) Transactions which includes having e-KYC to onboard customers. Unlike traditional remittance agents which rely on face-to-face KYC and compliance, TranSwap boasts an electronic know-your-customer (e-KYC).
By tapping on TranSwap’s remittance service, employers will have the flexibility of choosing between paying to a bank account or to a digital wallet, where the latter option is more commonly used by FDW’s families as some of them may not have bank accounts. The mobile wallet option brings further benefits to FDWs as their families can withdraw cash through ATMs without having a bank account.
Mr Benjamin Wong, CEO and co-founder of TranSwap said, “With the circuit breaker measures in place, we want to contribute to the society by providing our payment solution to affected foreign domestic workers. During these trying times, we are glad to step up to offer a safer, cheaper and more convenient online remittance service. In this way, Foreign Domestic Workers can continue to remit money to their families who may rely on their money.”
We have heard enough bad news about Covid-19. In Singapore, people are encouraged to stay at home during this circuit breaker. If there is one good thing in this pandemic, we are still free to go out for run. A good set of earpieces is a perfect companion especially we are running alone. If you have been following my blog closely, we have reviewed several headsets that are designed for fitness fanatics. The latest one is Soul ST-XS2.
This time, we are reviewing another TWS from Soul – Soul Emotion2. The cheaper Emotion2 is different from the Soul ST-XS2 in several ways. In terms of appearance, the Emotion2 is smaller and sleeker. Apart from that, the Emotion2 does not come with ear wings.
Unlike the Soul ST-XS2 that comes with 4 colours, the Soul Emotion2 comes only with 3 colours (pink, white & black). Soul Electronics sends me a white Emotion2 for review. Although the Emotion2 is a smaller device than the ST-XS2, the Led indicator light on the Emotion2 is larger and more visible than the one on the ST-XS2.
The Emotion2 is also splash-proof with a rating of IPX4. In another words, you could clean the Emotion2 with little water (just make sure you don’t put it under the running tap).
The Emotion2 is incredibly light. Weighed at approx.5g, it is amazingly comfortable to wear for long hours. However, this advantage may have some side effects to those with big earhole. I brought this out for a run and find that I must frequently make adjustment to make sure the Emotion2 is at the place that it should. Although I have switched to its biggest earplugs, it just does not work for people like me who have big earhole.
The Emotion2 delivers crystal clear sound with a balanced sharpness. Bass is warm and it mixes well with the treble. While I am immersing myself to a passionate vocal performance on YouTube, the Emotion2 produces a well-balanced sound with “visible” enough High, Mid and Low tones.
Conference call with this is acceptable as I can clearly hear what the counterparty is saying but it does not work as well for the other party. Apparently, the performance of mic is a little lacking. I need to speak louder to get my voice across.
Although physical design blocks off some surrounding noise, it is still quite disturbing when you are trying to focus on your online seminars. In this case, a good noise cancelling TWS could help to block off noises from the Kids TV programme while you are working. Unfortunately, this feature is not included.
A Good Buy?
This is a good product for loner like me who spent lots of hours online watching movies and concerts alone. Music is an experienced goods that touches people emotionally. As long the TWS could deliver what it is supposed to deliver, it is a good product. That is why I find the name of this product speaks for itself.
Of course, it is also extremely comfortable to wear (just don’t bring it out for run. It is not designed to anyway).
It is cheap and I do not mean it in a negative way. Their official store at Lazada is selling at SGD54.90! That is crazy! Granted. There are flaws like no active noise cancelling but why does that matter? Who else is watching “Baby-Shark” when I am all by myself at home watching Black Pink’s music video? I am a cheapo if you want to say so.
Recommendation: “Buy” (if you are an introvert like me)
Like our old saying, “When there is recession, there is an opportunity”. In 2008, we faced the world’s worst financial crisis. Lehman brothers’ collapse has shown the world the inherent vulnerabilities of our monetary system. Central banks across the globe were caught off guard. European Central Bank (ECB) hastily made deep cut in the interest rate in the hope to restore investor’s faith. However, market did not recover at the rate as expected since then. Ironically, another historical event happened in the same year – bitcoin.org domain was registered.
Fast forward to today. ECB’s idea of negative interest rate fails miserably, and US Fed follows Japan’s zero interest rate policy will lead to monetary failure in the long term. Investors, flooded with these “free” money, are facing a challenge of finding returns in their investment. As such, they are more willing to take up more risks in exchange for higher returns. Cryptocurrencies, once known to be highly speculatively, starts to re-ignite the interests of investor amid Covid-19 crisis.
Quick Recap of Bitcoin’s History
Hailed as the “King of Cryptocurrency”, Bitcoin first appeared in investors’ radar in 2013. During that time, almost all markets were trying to recover from the Global Financial Crisis. Investors were extremely cautious not to put money in conventional financial instruments; stocks, bonds and even commodities were not spared as well as they were all interlinked with financial instruments one way or another. Bitcoin, on the other hand, is the only “tradeable asset” that was unlinked to other financial products while at the same, it offers certain degree of liquidity to investors.
That year, Bitcoin was priced at around USD 13. In less than a year, the price had skyrocketed to slightly less than USD1,300 (That’s approx. 100x returns in a year!) That price spike was not sustainable which inevitably, Bitcoin crashed; pricing it at about USD 600 in the same year.
It was a choppy ride for Bitcoin between 2013 to 2017 but it was also a “Golden Era” for Bitcoin. Thousands of new cryptocurrency exchanges were formed. Regulators from all around the world refused to acknowledge Bitcoin as an asset class. However, market will not succumb to regulations; it will just find their ways for survival. Start-ups which struggled to raise fund via conventional means starts to offer their own coins in what they called “Initial Coin Offerings”. At the end of 2017, Bitcoin was priced as high as USD 19,783!
Many crypto investors became millionaires during the Golden Era of Bitcoin. However, the peak was short-lived. By the end of 2018, many cryptocurrency exchanges collapsed, and Bitcoin had crashed to USD 3,300.
Resurgence of Cryptocurrencies during Covid-19 crisis
Over the years, we have heard many criticisms debating the intrinsic value of Bitcoin. I believe most of them are valid but not all of them. At the very least, Bitcoin laid an important pillar for further technology advancement in the area of finance and business – Blockchain technology. A classic example is Ripple (XRP) which made used of this technology to create an architecture that could facilitate faster payment settlement for financial institutions. In Japan, banks are using Ripple protocol to facilitate payment via mobile app.
Blockchain has created an entirely new market of its own – cryptocurrency and that has completely changed the way how investors look at the economy and after more than 10 years, investors began to accept the fact that Bitcoin is here to stay. For the past 5 years, Bitcoin’s transactions has grown more than double to about 300,000 daily (source: ycharts.com last checked on 26 Apr 2020, link here)
However, we do not see sharp price spike of Bitcoin as what it had experienced before in the last decades. One logical explanation is the fact that investors have more options these days. Over time, the entire cryptocurrency ecosystem has expanded and become more diverse. There are many more cryptocurrencies now. Each is developed to solve a specific problem faced by business. Bitcoin, though it is the largest by market cap, is not longer the only cryptocurrency that investors have eyes on. For instance, Binance, one of the earliest cryptocurrency exchanges, offers its own Binance coin (BNB) that is used as a base currency to buy/sell other cryptocurrencies.
The development of cryptocurrency exchange played an integral part of the ecosystem. In recent years, the cryptocurrency market has grown tremendously. In 2017, market capitalization was approx. USD 23 Billion which Bitcoin contributed approx. 86% of the market share. As of Apr 2020, the total market capitalization is approx. USD 218 Billion but Bitcoin’s contribution falls to approx. 63%. (Source: https://coincodex.com/)
Hunger for “Safe Haven” and Returns
Low interest rate environment is pushing investors to the edge. “Risk-free” returns from government bonds are not longer attractive and that have domino’s effects to money market. On the other hand, term deposits in bank is eroding the value of money.
Investors are forced to take on higher risk. Ironically, investors deemed the more speculative Bitcoin as a “safe haven” because it is the only “asset” that is unlinked from other markets such as stocks and bonds which are expected to hit badly in the worsening Covid-19 situations.
Such behaviour exhibited by investors prompted cryptocurrency e-wallet players to provide more “banking” services. The idea of staking requires cryptocurrency holder to deposit their cryptocurrency to their e-wallet accounts. In exchange, holder will receive an interest, generally higher than what conventional banks are offering, which are paid in cryptocurrency into the e-wallet. For instance, Crypto.com is giving up to 18% interest (per annum) if you are staking their CRO coins.
With no where to put their dollar, investors are using these “crypto-banking services” to battle this low interest rate environment. All investment carry risk and it is all about managing it. The Stablecoin, in one way or another, eliminates volatility and that has been perceived by investors as a “safe haven”.
Central Banks – The Only Reason Why Cryptocurrency Survives
Central bankers are lacking the understanding of the hyper-globalized markets. Lowering interest rate to prevent the economy from falling apart is like giving a cold medicine to a flu patient. It manages some symptoms, but it does not prepare the markets for recovery.
The modern economies are more complex but central bankers are not equipped with the skills and tools to tackle the economic problems. Flooding the market with “free” money is detrimental to entire financial system and investors are losing their faith. Banks are not able to earn enough profit (interests) from their loan business. Consumers are pushed to put money in all type of financial products fearing that their savings might be eroded in future value terms if they just put it with the bank as deposit.
In short, money is devaluing persistently forcing investors to put their dollars on high-risk technology sector to seek for better returns. In fact, it is already happening before cryptocurrency even exists. Tech stocks, which have all-along been speculative in nature, advanced in the last recession. From an investor’s perspective, it was counter-intuitive decision, but the bet was rewarding. In the short 10 years, technology has advanced, and it is the only resource that we could rely on to keep our economy engine moving despite the lockdowns in major cities.
That is the way the global economy is heading – Technology. Like it or not, our financial system will be getting more complex in future (in fact, it is complex enough now) that human central bankers may not be able to tackle multiple economic problems at the same time. To put it objectively, we will not know how financial technology will play out in the future but now, those with money are betting on cryptocurrency.
This article has been reposted @medium https://link.medium.com/QpcvKrMc15
Binance will launch a cashback promotion for users to buy cryptocurrency using their Visa debit or credit cards via the “Pay with Bank Card” service on Binance. The promotion will run for 4 days and the rewards will be given out on a first come first served basis. The rewards will reset each day.
Activity Period: 2020/04/25 8:00 AM to 2020/04/29 8:00 AM (UTC)
Each daily activity period runs for 24 hours from 8:00 AM (UTC) to 8:00 AM (UTC) the next day. Daily reward resets will occur at 7:59:59 AM (UTC) each day.
Number of Rewards
First Daily Purchase Amount (USD Equivalent)
$1,000 – $4,999
$500 – $999
$300 – $499
Users are entitled to one bonus amount per day based on their first purchase amount for each daily period.
The first 30 users to buy 5,000+ USD in crypto via their Visa debit or credit card as their first transaction each day will receive a reward of 500 BUSD each.
The first 100 users to buy between 1,000 USD and 4,999 USD in crypto via their Visa debit or credit card as their first transaction each day will receive a reward of 100 BUSD each.
The first 200 users to buy between 500 USD and $999 USD in crypto via their Visa debit or credit card as their first transaction each day will receive a reward of 40 BUSD each.
The first 1,000 users to buy between 300 USD and $499 USD in crypto via their Visa debit or credit card as their first transaction each day will receive a reward of 20 BUSD each.
Terms & conditions:
Crypto purchases must be made using Visa cards via the “Pay with Bank Card” service, where users need to add their bank card details on Binance.
Disclaimer:Cryptocurrency is highly speculative and it is not suitable for investors who are not ready to lose their investment. Investors who don’t have prior knowledge in cryptocurrency investment should speak to their financial advisors before making an investment commitment.
Important Note: Existing cryptocurrency investors who wishes to jump onto Binance platform may wish to consider using my referal https://www.binance.com/en/register?ref=URB5YCE6. I will receive a commission for every trade that my invitee made. However, I have set aside additional 5% commission fee which will be “kicked back” to my invitees (those who have used my referral codes to sign up an account with Binance) to reduce their trading fees. Once you are a Binance user, you could customize referral code to invite your friends like what I am doing now! Happy Trading!
[Asia Pacific, Singapore, 22 April 2020] – Microsoft 365 is now available in Singapore. It is a refresh of Office 365, which provides users with new artificial intelligence (AI), rich content and templates, and cloud-powered experiences.
These experiences are being rolled out regionally and will reach over 38 million Office 365 subscribers globally in the next few months.
“We want to continue to empower everyone to remain connected with those who matter inside and outside of the workplace. The Microsoft 365 Family and Personal subscriptions will provide users with innovative experiences that enable them to co-author, video chat, organize, and come together with friends and their families anytime and anywhere,” said Rami El Bayadi, Regional Director, Microsoft Office Asia.
Users can look forward to two new Microsoft 365 experiences. Firstly, a new Microsoft Family Safety app designed to keep families safe across the digital and physical worlds. Microsoft will also launch Microsoft Teams later this year for users to stay connected with their family and friends. There will also be new features in Microsoft Teams that make it easier to connect, organize and collaborate with family and friends.
The new Microsoft Edge browser also takes a step forward with new features to protect users on the web with Password Monitor, and to simplify research with Collections.
Other new features available with Microsoft 365 are listed below.
AI-Powered Microsoft Editor: To help people put their best foot forward at home and at work, Microsoft Editor – an AI-powered service available in more than 20 languages – is now accessible across Word and Outlook.com, and as a standalone browser extension for Microsoft Edge and Google Chrome. Microsoft 365 Personal and Family subscribers have access to advanced grammar and style refinements such as rewrite suggestions and additional style critiques to allow greater clarity and conciseness.
Presenter Coach Features in PowerPoint: An AI-powered Presenter that helps correct monotone pitch and refine speeches. This will be available as a free preview, and then eventually only to Microsoft 365 subscribers.
PowerPoint Designer: This feature effectively boosts creativity, such as transforming text into a beautiful timeline, or even auto-generated slide layouts. Microsoft is also providing Microsoft 365 subscribers with exclusive access to over 8,000 beautiful images and 175 looping videos from Getty Images, plus 300 new fonts, 2,800 new icons to create highimpact and visually appealing documents.
New Data Types and Smart Templates in Excel: This presentsa different and less timeconsuming way to interact with data, providing deeper meaning for over 100 topics. Microsoft 365 subscribers have exclusive access to the over 100 new data types powered by Wolfram Alpha.
Organizing Time Across Work and Life with Outlook: New features in Outlook on the web help users manage all commitments, across work and life, in one place. With these new features, they can link their personal calendar to their work calendar to show their real availability, while still maintaining their privacy.
Deepen Connections with Family and Friends with Skype and Microsoft Teams: Skype has seen an increase in usage with 40 million people using it daily, up 70% month over month and, we are seeing a 220% increase in Skype to Skype calling minutes month over month. To help people get connected even faster, Microsoft recently introduced a new feature in Skype called Meet Now, that allows users to easily connect over video (for free) with up to 50 people in just a few clicks.
Protecting Families in the Physical and Digital Worlds with Microsoft Family Safety: Coming soon is the Microsoft Family Safety app, a new mobile experience on iOS and Android for Microsoft 365 subscribers. The application empowers families in a variety of ways with both free and premium offerings, including managing screen time across Windows PCs, Android and Xbox.
The new Office features have been rolled out to all existing Office 365 customers and Microsoft 365 Personal and Family subscriptions are now available worldwide. These include premium desktop Office apps, 1 TB of OneDrive cloud storage per person, 60 Skype minutes for calling mobile phones and landlines, advanced security features to protect users from malware and phishing attacks, ongoing technical support, plus all the new features and benefits announced today. Microsoft 365 Personal costs $10.80 SGD a month. For the best value, a family of up to six people can use Microsoft 365 Family for $14.80 SGD a month.
The new iPhone SE comes in three beautiful colors — black, white and (PRODUCT) RED— and will be available for pre-order beginning Friday, April 17, 8PM SG time from SGD 649 onwards.
The new iPhone SE is armed with A13 Bionic chip, the one that is used in iPhone 11 series. When comes to camera, there is a slight upgrade from its predecessor, the new iPhone SE features a single 12MP rear camera. The front-facing camera is powered by a 7MP sensor.
Apple has also improved the iPhone SE with features such as wireless charging and water resistance of IP67 rating. You can literately wash your iPhone to disinfect. Unlike the iPhone 11 series, Apple has also brought back the popular physical home button which you could use the Touch ID to unlock and make Apple Pay transactions.
What is missing here is the Face ID which I believe Apple is trying to use that feature to distinguish the premium iPhone series from the budget SE series. Anyway, you don’t need your face to access to your apps so it is not a must-have.
The display has got larger. The new iPhone SE is now powered by 4.7 inch LCD display. Note that this is not the OLED display used in the iPhone 11 series. Well, Apple has to find way to cut corner to lower the price, but I don’t think that will affect the whole Apple experience greatly. Anyway, how much difference between LCD and OLED, in terms of quality, can you spot?
In view of the current Covid-19 situation, Apple has lowered sales forecast in the near term. It is not surprising that the new iPhone SE could be a nice alternative for the current users who are retiring their old iPhone 7/8.
“I will never run with my headphones. It looks silly” This is what I used to perceive of people running with their headphones but my perception changes when I got hold of the new Adidas RPT-01. The RPT-01 is such a beauty.
In terms of physical appearance, I really
like the knitted fabrics covering the overhead rim of the headphones. The
perfect blend of black and grey appeals to me. Maybe I am Asian, the headphone
seems to compliment well with my black hairs.
Speaking about designs, the overall ergonomic is well thought of. The slide-able feature caters for different head sizes and the clear indication of the sides of the earphones. Although these are standard across all headphones, one special addition to the Adidas RPT-01 is the rubber headband that prevents the headphones from slipping while you are out exercising. I am sure many people had bad experience of keep adjusting the headphones while exercising. The simple solution by putting a headband keep the device in place is brilliant! More so, the rubber headband is removeable for washing.
Often, headphone is not as comfortable
especially after prolong wearing and it is certainly not so while you are
running in humid Singapore condition. I am surprised that RPT-01 is in fact
quite comfortable. The knitted earcups cushioned well on the ears and I don’t
feel warm near my ears even though I am perspiring like mad after a 5km run. Same
as the rubber headband, both earcups could be removed for washing.
Good music quality
All’s good. How about sound? The Adidas RPT-01
is one of the first 2 headphones developed under the partnership with Zound,
the company behind audio brands
such as Marshall speakers
and Urbanears headphones.
That sets the mark high and it does deliver reasonable bass while listening to high
tempo music though I would like the bass to be more punchy. In terms of clarity,
it scores acceptably well.
This headphone is a pure wireless listening companion. There is no 3.5mm audio option for us to compare the sound quality between wired and wireless settings.
the claimed 40 hours battery life is impressive. I have brought it along for
several runs and I have never done a single charge during the testing phase.
This product is
specifically designed for sports enthusiast. Priced at $299, you get an Adidas
branded headphone that promises you comfort and style. On top of that, you get
a good-looking headphone that will help you to attract eyeballs in the gym.
Having said so,
I think that there should be more features that targeted for fitness training. The
current smartphone app serves pretty much as an equalizer which I think it is very
underserved. Afterall, Adidas is a sports brand. I think the app could provide
more useful data on the activities that could help users to improve their
Wirecard (stock quote: WDI.DE) is entering into a payments partnership with Grab that will see Wirecard process transactions made via the GrabPay e-wallet, starting with the Malaysian, the Philippines and the Singapore markets. Consumers can use their GrabPay e-wallet to pay for transactions online and offline, for example for ridehailing or food delivery, but can also use it to pay for purchases on e-commerce sites or at physical stores.
Through this partnership, Wirecard will process card transactions for GrabPay via its digital financial commerce platform and will extend GrabPay to more merchants to expand the acceptance of the mobile payment method. According to a recent global Wirecard consumer survey, over 90% of consumers in Southeast Asia have used digital payments both in-store and online. Mobile wallets are almost twice as popular in the region as they are worldwide, with 44% regularly choosing them as a payment method compared to the global average of 25%.
Reuben Lai, Senior Managing Director of Grab Financial Group, said, “We are thrilled to partner with Wirecard as we progress on our journey of building a cashless economy for millions of businesses across Southeast Asia. Wirecard’s innovative mobile payments solutions will not only complement our GrabPay e-wallet platform, but also offer businesses and consumers the opportunity to transact with greater security, convenience and flexibility.” The GrabPay e-wallet is one of the most popular e-wallets in Southeast Asia accepted by over 600,000 merchants and small businesses.